Oct. 26 — Bitcoin (BTC) is again above $10,000 for the primary time since Sept. 22 after seeing large features of 36% on the day as of press time.
Currently at $10,146, Bitcoin has seen an incredible 24 hours. It had been lingering within the $7,000s vary since Oct. 23.
Only 9 hours in the past, Cointelegraph reported on a sudden BTC surge to $8,500. It consolidated at that time till roughly two hours in the past, at which level it started one other spectacular rise.
According to 1 commentator, this was Bitcoin’s “4th largest gain in history and largest since May/10/2011 (if comparing against daily returns).”
The sudden bull run has left many speculating. Some attribute it to Chinese President Xi Jinping’s encouragement of blockchain growth earlier within the day.
Others could attribute it to the rise in Bakkt’s success, with the platform seeing an all-time excessive of 1,179 Bakkt Bitcoin Futures contracts traded.
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